Financial Services - Banks - Regional - NASDAQ - US
$ 25.3425
0.765 %
$ 1.21 B
Market Cap
15.18
P/E
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments.[ Read More ]
The intrinsic value of one OCFCP stock under the base case scenario is HIDDEN Compared to the current market price of 25.3 USD, OceanFirst Financial Corp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart OCFCP
FINANCIALS
386 M
REVENUE
137 M
OPERATING INCOME
104 M
NET INCOME
128 M
OPERATING CASH FLOW
-488 M
INVESTING CASH FLOW
349 M
FINANCING CASH FLOW
95.8 M
REVENUE
97.8 M
OPERATING INCOME
-53 M
NET INCOME
-1.92 M
OPERATING CASH FLOW
-174 M
INVESTING CASH FLOW
209 M
FINANCING CASH FLOW
Balance Sheet Decomposition
OceanFirst Financial Corp.
| Current Assets | 154 M |
| Cash & Short-Term Investments | 154 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 15.2 B |
| Long-Term Investments | 2.01 B |
| PP&E | 140 M |
| Other Non-Current Assets | 13 B |
| Current Liabilities | 5.3 B |
| Accounts Payable | 0 |
| Short-Term Debt | 322 M |
| Other Current Liabilities | 4.98 B |
| Non-Current Liabilities | 11.9 B |
| Long-Term Debt | 801 M |
| Other Non-Current Liabilities | 11.1 B |
EFFICIENCY
Earnings Waterfall
OceanFirst Financial Corp.
| Revenue | 386 M |
| Cost Of Revenue | -255 M |
| Gross Profit | 641 M |
| Operating Expenses | 209 M |
| Operating Income | 137 M |
| Other Expenses | 32.8 M |
| Net Income | 104 M |
RATIOS
166.16%
GROSS MARGIN
35.48%
OPERATING MARGIN
26.97%
NET MARGIN
6.26%
ROE
0.77%
ROA
3.74%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
OceanFirst Financial Corp.
| Net Income | 104 M |
| Depreciation & Amortization | 15.7 M |
| Capital Expenditures | -7.71 M |
| Stock-Based Compensation | 7.92 M |
| Change in Working Capital | -17.3 M |
| Others | 615 K |
| Free Cash Flow | 121 M |
Wall Street Analysts Price Targets
OceanFirst Financial Corp.
OCFCP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.17%
DIVIDEND YIELD
0.438 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
OceanFirst Financial Corp.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
8.16 K USD 2
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
11 months ago
Dec 07, 2023
|
Bought 7.11 K USD
|
Barros John F
Director |
+ 462
|
15.38 USD |
|
11 months ago
Dec 05, 2023
|
Bought 1.05 K USD
|
Garrett Robert C
Director |
+ 70
|
15.04 USD |
|
1 year ago
Oct 26, 2023
|
Bought 29.9 K USD
|
GIORDANO ANTHONY III
|
+ 2345
|
12.7484 USD |
|
1 year ago
Jun 15, 2023
|
Sell 175 K USD
|
Lebel Joseph III
President and COO |
- 10530
|
16.65 USD |
|
1 year ago
Jun 02, 2023
|
Bought 1.48 K USD
|
Farris Jack M.
Director |
+ 100
|
14.76 USD |
|
1 year ago
May 12, 2023
|
Bought 13.3 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
13.3192 USD |
|
1 year ago
May 12, 2023
|
Bought 12.9 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
12.89 USD |
|
1 year ago
May 11, 2023
|
Bought 13 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
12.9969 USD |
|
1 year ago
May 10, 2023
|
Bought 13.2 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
13.2352 USD |
|
1 year ago
May 09, 2023
|
Bought 13.3 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
13.34 USD |
|
1 year ago
May 04, 2023
|
Bought 19.1 K USD
|
Barrett Patrick Sean
Executive Vice President & CFO |
+ 1000
|
19.1112 USD |
|
1 year ago
May 04, 2023
|
Bought 19 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
19 USD |
|
1 year ago
Apr 27, 2023
|
Bought 100 K USD
|
Murphy Joseph M. Jr.
Director |
+ 6473
|
15.45 USD |
|
1 year ago
Apr 27, 2023
|
Bought 15.3 K USD
|
Maher Christopher
Chairman and CEO |
+ 1000
|
15.263 USD |
|
1 year ago
Apr 25, 2023
|
Bought 15.9 K USD
|
Barrett Patrick Sean
Executive Vice President & CFO |
+ 1000
|
15.86 USD |
|
1 year ago
Mar 15, 2023
|
Bought 22 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
21.99 USD |
|
1 year ago
Mar 13, 2023
|
Bought 79.9 K USD
|
Murphy Joseph M. Jr.
Director |
+ 3643
|
21.93 USD |
|
1 year ago
Mar 13, 2023
|
Bought 44.2 K USD
|
Tsimbinos Steven James
Executive VP/Corp. Secretary |
+ 2000
|
22.12 USD |
|
1 year ago
Mar 13, 2023
|
Bought 22 K USD
|
Lebel Joseph III
President and COO |
+ 1000
|
21.99 USD |
|
3 years ago
Mar 03, 2021
|
Sell 33.5 K USD
|
GIORDANO ANTHONY III
|
- 1451
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 54.7 K USD
|
Sridharan Karthik
|
- 2366
|
23.11 USD |
|
3 years ago
Mar 03, 2021
|
Sell 29.8 K USD
|
ESTEP MICHELE B
|
- 1291
|
23.11 USD |
|
4 years ago
Mar 03, 2020
|
Sell 25.9 K USD
|
GIORDANO ANTHONY III
|
- 1247
|
20.7745 USD |
|
4 years ago
Mar 03, 2020
|
Sell 28.1 K USD
|
ESTEP MICHELE B
|
- 1343
|
20.955 USD |
|
4 years ago
Mar 03, 2020
|
Sell 31.6 K USD
|
Lebel Joseph III
|
- 1510
|
20.955 USD |
|
5 years ago
Mar 19, 2019
|
Sell 75.8 K USD
|
IANTOSCA JOSEPH R
|
- 3000
|
25.25 USD |
|
5 years ago
Mar 05, 2019
|
Sell 61.9 K USD
|
IANTOSCA JOSEPH R
|
- 2475
|
25 USD |
|
6 years ago
Feb 05, 2018
|
Sell 132 K USD
|
IANTOSCA JOSEPH R
|
- 5000
|
26.4 USD |
|
7 years ago
May 23, 2017
|
Sell 267 K USD
|
Lebel Joseph III
|
- 10125
|
26.39 USD |
|
7 years ago
May 22, 2017
|
Sell 532 K USD
|
Lebel Joseph III
|
- 20050
|
26.54 USD |
|
7 years ago
May 09, 2017
|
Sell 55.9 K USD
|
IANTOSCA JOSEPH R
|
- 2000
|
27.9588 USD |
|
7 years ago
Mar 02, 2017
|
Sell 13.5 K USD
|
IANTOSCA JOSEPH R
|
- 458
|
29.3875 USD |
|
7 years ago
Mar 02, 2017
|
Sell 18.4 K USD
|
Lebel Joseph III
|
- 626
|
29.387 USD |
|
8 years ago
Nov 07, 2016
|
Sell 56.4 K USD
|
IANTOSCA JOSEPH R
|
- 2700
|
20.9 USD |
|
8 years ago
Mar 01, 2016
|
Sell 44.2 K USD
|
IANTOSCA JOSEPH R
|
- 2152
|
20.56 USD |
|
8 years ago
Mar 01, 2016
|
Sell 5.07 K USD
|
IANTOSCA JOSEPH R
|
- 295
|
17.2 USD |
|
8 years ago
Mar 01, 2016
|
Sell 23.8 K USD
|
IANTOSCA JOSEPH R
|
- 1384
|
17.2 USD |
|
10 years ago
Jun 10, 2014
|
Bought 30 K USD
|
Lebel Joseph III
|
+ 1812
|
16.56 USD |
|
11 years ago
Nov 13, 2013
|
Bought 23.3 K USD
|
IANTOSCA JOSEPH R
|
+ 1312
|
17.78 USD |
|
11 years ago
Nov 12, 2013
|
Sell 43.7 K USD
|
IANTOSCA JOSEPH R
|
- 2439
|
17.9 USD |
|
12 years ago
Jun 06, 2012
|
Bought 15 K USD
|
Lebel Joseph III
|
+ 1071
|
14 USD |
|
13 years ago
Nov 18, 2011
|
Bought 13.6 K USD
|
IANTOSCA JOSEPH R
|
+ 1075
|
12.62 USD |
|
13 years ago
Nov 18, 2011
|
Bought 15 K USD
|
Lebel Joseph III
|
+ 1189
|
12.62 USD |
|
13 years ago
Jun 09, 2011
|
Bought 13.1 K USD
|
IANTOSCA JOSEPH R
|
+ 1037
|
12.59 USD |
|
13 years ago
Jun 07, 2011
|
Bought 15 K USD
|
Lebel Joseph III
|
+ 1174
|
12.77 USD |
|
13 years ago
Feb 24, 2011
|
Bought 15 K USD
|
Lebel Joseph III
|
+ 1111
|
13.5 USD |
|
13 years ago
Feb 24, 2011
|
Bought 2.41 K USD
|
IANTOSCA JOSEPH R
|
+ 175
|
13.75 USD |
|
13 years ago
Feb 24, 2011
|
Bought 2.73 K USD
|
IANTOSCA JOSEPH R
|
+ 200
|
13.64 USD |
|
14 years ago
Jul 29, 2010
|
Bought 12.5 K USD
|
Nardelli Vito
|
+ 1000
|
12.49 USD |
|
14 years ago
Jul 29, 2010
|
Bought 12.5 K USD
|
Nardelli Vito
|
+ 1000
|
12.5 USD |
7. News
Dividend Challenger Highlights: Week Of July 26
A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
seekingalpha.com
- 4 years ago
OceanFirst Financial Corp. (OCFC) CEO Christopher Maher on Q2 2020 Results - Earnings Call Transcript
OceanFirst Financial Corp. (NASDAQ:OCFC) Q2 2020 Earnings Conference Call July 24, 2020, 11:00 AM ET Company Participants Jill Hewitt - SVP and IR Officer Christopher Maher - Chairman and CEO Joe Lebel - COO Grace Vallacchi - Chief Risk Officer Mike Fitzpatrick - CFO Conference Call Participants Frank Schiraldi - Piper Sandler Russell Gunther - D.A.
seekingalpha.com
- 4 years ago
OceanFirst Financial Corp. 2020 Q2 - Results - Earnings Call Presentation
The following slide deck was published by OceanFirst Financial Corp. in conjunction with their 2020 Q2 earnings call..
seekingalpha.com
- 4 years ago
Fixed-To-Floating Preferred Stocks And Units Complete Review
Fixed-to-floating preferred stocks and units sorted into groups. How does the yield curve look? What has changed in the past month?.
seekingalpha.com
- 4 years ago
8. Profile Summary
OceanFirst Financial Corp. OCFCP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.21 B
Dividend Yield
1.17%
Description
OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.
Contact
110 West Front Street, Red Bank, NJ, 07701
https://www.oceanfirst.com
IPO Date
May 5, 2020
Employees
878
Officers
Mr. Joseph J. Lebel III
President, Chief Operating Officer & Director
Mr. Steven J. Tsimbinos Esq.
Executive Vice President, General Counsel & Corporate Secretary
Mr. Patrick Chong
Senior Vice President, Corporate Controller & Principal Accounting Officer
Mr. Brian E. Schaeffer CISA, CISSP
Senior Vice President & Chief Information Security Officer
Mr. Christopher D. Maher
Chairman & Chief Executive Officer
Mr. Anthony Giordano III
Executive Vice President & Chief of Banking Operations
Ms. Angela K. Ho
Senior Vice President & Chief Compliance Officer
Mr. David L. Berninger
Executive Vice President & CRO
Ms. Michele B. Estep
EVice President and Chief Administrative Officer of OceanFirst Bank, N.A.
Mr. Patrick S. Barrett
Chief Financial Officer & Executive Vice President